Avalon Labs has announced the burn of 80 million AVL tokens, representing approximately 44% of the circulating supply. The burned tokens primarily came from unclaimed allocations in an earlier airdrop campaign. Launched in March 2024, the campaign saw a total of $20 million worth of AVL successfully claimed.Avalon Labs is a Bitcoin financial services platform, which previously announced the completion of its strategic funding round, led by YZi Labs.